WULXTradr 2X Long WULF Daily ETF
WULX Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
WULX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 99.5% — elevated vs history
IV/HV 0.99x — IV ≤ HV
Sector percentile 100% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 161.5% — crisis-level IV
Effective IV 227.9% (ATM 161.5% + spread 33.2% + bias) — expensive
Total drag 40.23% (spread 33.22% + slippage 7.01%) — high friction
Vega efficiency 0.63 (vega 2.082 / spread 33.22%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -61% (strong bearish) — Raw: -49%
|OI skew| 64.6% — call-heavy
Vol skew +87.5%, OI skew +64.6% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +50%, ATM: -62%, OTM: +82% — neutral (ITM/ATM divergent)
Sector P/C percentile 8% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 7.1x avg — hot
Vol/OI 91.1% — high turnover
1 day(s) elevated — may be one-day event
OI change +44.3% (5d) — building
Sector activity percentile 99% — very active vs sector
Large trade volume 52% — heavy institutional
Aggressive execution 0% — patient
Conviction -61 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 33.2% — wide
OI 700 — thin
Volume 638/day — adequate
$1.66 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 100% — much wider than sector
Depth 328.4 contracts (bid:183.9 ask:144.5) — adequate
Avg slippage 7.01% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -5.0% — contango
IV percentile 100% — seller opportunity
IV kink -7.9pts — no clear event
θ/ν ratio 62.15 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -61% @ 80% consistency — STRONG directional (bearish)
Score 82 (ITM 20% + inst 52%) — HIGH institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.